Suburb Profile Report for Alkimos WA (6038)

Alkimos House: Median price $406,000, Annual capital growth 10.80%, Number of sales 102, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

If you compare the increase in value of investment property in Alkimos, 6038 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -11.74%.

A 75.00% growth in median value for property investors in Alkimos,6038 puts this suburb at number 90th in terms of best performing suburbs in WA

Property investors looking for a bargain in Alkimos should be aiming for at least -6.94% off the asking price, which is the average vendor discount being achieved at the moment.

YIP MAG Information supplied by:

YIP MAG
June 2016

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While recent times have been tough for large parts of the Perth market and WA in general, a beachside suburb around 40km north of the Perth CBD has seen no such troubles.Full summary While recent times have been tough for large parts of the Perth market and WA in general, a beachside suburb around 40km north of the Perth CBD has seen no such troubles.

The median house price in Alkimos, a suburb named after a Greek freighter shipwrecked off its coast in the 1960s, sits at a respectable $488,500.

Even more respectable is the recent capital growth seen in the area: the median house price has surged by a remarkable 109% in the past five years.

That impressive run may have come to an end though, with only 2% growth recorded in the past year and houses spending close to 100 days on the market.

The strong growth seen in Alkimos has pulled back the suburb’s rental returns, with yields currently sitting at 4%.Close
Metrics i HOUSE UNIT
$406,000 N/A
1.50% N/A
-11.74% N/A
10.80% N/A
$360 N/A
102 N/A
4.61% N/A
135.69 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (U)
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